The USDCAD pair provided positive trades yesterday to approach our first waited target at 1.3233, showing some slight bearish bias affected by stochastic negativity, while it gets continuous positive support by the EMA50.
Therefore, we believe that the chances are valid to continue rising in the upcoming period, and breaching 1.3233 will push the price to 1.3320 as a next main station, taking into consideration that breaking 1.3180 is considered as a negative factor that will press on the price to turn to decline.
The expected trading range for today is between 1.3140 support and 1.3280 resistance.
The expected trend for today: Bullish